Arizona silver belt., 1887-12-03
N gams N aaEaxg a
Tire old GloBo Mine will Resume
 Operations

- V tfisi AN NNANftA'
 During tha past ten days reports were rife that the Qld Globe Copper Company was about to respme opera tions, but until now it WIS simply conjeeturq, Uasea upon tto recent ex. animation of the property for the owners, by A. l. Walker, and the sud- den rise an the price of copper in New York,
 Col. George F. White, resident agent, reeslyed dispatch Thursday mgbt, ordering that the mine be placed in readiness to resume opera. tions. Tho announcement will be re- ceiyed with much satisfaction by resi-, dents of Globe Mining District which, during the past 6x months, has auE feied materially from the prostraii5n of mining, brought about by the con. t,uucd depression in tlie priee of cop. per and silver, which rendered it im- possible to operate even our richest mines with the existing disadvantages of rem6teness trosa raiirpads aa9 com sequcnt eyorbitant c0st 0f supplies of every kind. The five or SIX weeks which mast elapse before coke is re- ceiyed Ut il4e smelter Will be ample time, we are informed, to allow of the mine being nut in shape to begio stopiug ore; and it may confidently be expected that early ia January, the furnaces of the Cld Gl,tbe will De pro- aucing them cQppieapent of molten 1opger. Tue Old Globe mine, durng the penoa Of greatest depression in tba copper market produced copper bullion at . profit to tbe owners Fron September, isa5 te September la8G with tss aserae price ef eop- per, ii New York. about l0Sesuts, it IS stated tbat the net plc6t on the years output agounled to S
 exclusive of the cost of refining at the Baltimore Refining Works, Of which Wm Kaser, one of heowaers oF the Ola Globe mine is president 1T fhe preseat price ef copper s meiatained tor reasonable perlod tlis o~pFs of .the niBs eiA reap banasome rssprn
 Although there @as considerable idistrust expressed, wben tue rise ia price began tbat x was due largely ~ .specplatton yet lle marEet las not ouly eoptinped firm with egtasionai auetuatt8ns mhiah were to be expected
 but ifs general coarsa has been Rp- waFds and r cents mss reached on ibe 2Sib. ultimo, as quoted in ile 5 e ESaminer
 Illcra arc segerai reasons for this ilpfprlsieg advance, the initial cause aesrg tl,e nail stacks NJ this country ana h Rnglahd Speculation waS q migoy fi,ctor, and the subsequent preakrg out of , disasFous hre ip .tha Calfqnct < Hsaa msao lent sdi- tionai shepgth c tbs sitration A Boacn dispSieb U the Esaminer rtads "adyiees from the 0slumet < heela miao say that # $ expected .thai the iire will burn seyera weeks, .aad thatthe mine eau not be opsRaa Tor a stilE longer pefiita Ten stamps aro noa iale aua he furnaces in t5e smeltiuS works Lave heen blawn out .1'he Hancock Mnh Copper Herald, .just to tssd, states fiat ihe fts broke .opt cn ths l7lh level at Eo. sslaft, IVA soFte ai5 slupes whieh were heavily The loaadau taken in con- .nertioa witl tha n,ysteFipus aerail- .uent Of q locomotive wbie0 had been sent 10 Iaks Liudsu for pipes, giges c9Ior q tbe saspieion generally ep- .tsrtAiHed th3t Eae 6ra was ~ ineeudl- ar origin, rue Herald further states shai tie present lire is considered pub worse than she first
 Ipkina atl tas faeta iogether, the ataation in fhe copPer market E ccr- taitIl7 very shoi
 st--sss